Asean china economic and trade promotion association

Second, a concrete action that can help the ASEAN show leadership in stimulating the global economy is to roll back the trade restrictions imposed during the pandemic and conclude the Regional Comprehensive Economic Partnership (RCEP). Experience in the past three years shows that tariffs can slow global economic growth. On the other hand, concluding RCEP negotiations will help revive business confidence and stimulate growth – a needed shot in the arm for the global economy at this juncture of the pandemic. … [Read more...] about From containment to recovery: rescuing the ASEAN from crisis

The event presented Vietnamese firms with the latest updates on the US’ footwear market and how it is being affected by COVID-19. US experts also advised Vietnamese footwear makers on specific market segments they should focus on and how to improve competitiveness and properly access the US market. … [Read more...] about Việt Nam, US promote footwear trade post-pandemic

Hanoi (VNA) - The agro-forestry-fishery sector recorded a trade surplus of close to 3.3 billion USD in the first five months of 2020, a decline of a mere 2.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development (MARD), shipments overseas during the period brought in nearly 15.5 billion USD, down 4.1 percent year-on-year. Exports of key farm produce, husbandry products, fisheries, and forestry products earned approximately 7.4 billion USD, 210 million USD, 2.6 billion USD, and 4.2 billion USD, respectively. All were down year-on-year, by between 1.5 and 19 percent. Most products saw lower export revenue compared to last year, with earnings for tra fish, rubber, fruit, shrimp, peppercorn, and tea falling sharply. By contrast, shipments of coffee, rice, vegetables, cinnamon, and bamboo and rattan posted higher value. China remained Vietnam’s largest export market in the January-May period, with 3.7 billion USD. Despite showing a decline of 15.5 … [Read more...] about Five-month agro-forestry-fishery trade surplus nearly 3.3bn USD

Addressing the event, Ambassador Dang Dinh Quy, head of the Vietnamese mission to the UN, alongside Ambassador Dian Triansyah Djani, head of the Indonesian mission to the UN, noted that the EU is currently a vanguard in terms of maintaining international peace and security. The pair both expressed their hope that the EU will continue to collaborate closely alongside the UN to boost co-operation in areas such as conflict settlement, mediation, humanitarian assistance, as well as promoting multilateralism based on the principles set out in the UN Charter. … [Read more...] about Vietnam hails EU’s role in promoting multilateralism